āagman

Not investment advice. Data and computed figures, for information only.

HBL Engineering Ltd

NSE: HBLENGINE
₹710.45
−₹8.75 (−1.22%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹19,932 Cr
CMP
₹710.45
52-wk High / Low
₹1,122 / 613
P/E
24.9
P/B
9.0
Book Value
₹79.9
Div Yield
0.42%
ROCE
59.0%
ROE
45.3%
Face Value
₹1
D/E
0.03

Price−19.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹230
√(22.5 × EPS × book value per share)
ROIC
34.7%
vs 12.3% sector median
Cash flow to profit
0.91
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−885
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
40.6%
ROE × earnings retention ratio
ROE stability
9.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.32DII +0.18
Latest quarter vs the previous one
Cash-accrual divergence
3.1%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 87.8% since FY2016 (549 to 67)
+FII holding rose by 4.7pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 24.9x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 36.7% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4675575996105205214514766021,223874604638
Expenses390456486479410412357396410679572529491
Operating Profit78101113131110109947919254430275147
OPM %16.7%18.1%18.9%21.5%21.2%20.9%20.8%16.6%31.9%44.5%34.6%12.4%23.0%
Other Income332−195122617−8101021
Interest2334235463325
Depreciation10101111111111111212121512
Profit before tax699110298103107797119152029767149
Net Profit526879818087654514338722064109
EPS (₹)1.872.482.852.942.893.152.331.625.1713.977.962.303.94

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3491,2991,4141,6031,2661,0929121,2361,3692,2331,9673,3033,339
Expenses1,2101,1641,2861,4771,1691,0118451,0971,2171,8101,5742,1902,271
Operating Profit1391341291269781671391514233931,1131,068
OPM %10.3%10.3%9.1%7.9%7.7%7.4%7.3%11.2%11.0%18.9%20.0%33.7%32.0%
Other Income91221162122626208384432
Interest716846413122157713131514
Depreciation53514846444139353541445152
Profit before tax242754554340191221303773741,0921,034
Net Profit141538322826149498280276814780
EPS (₹)0.560.591.531.141.000.950.503.393.5610.139.9929.4028.17

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital252528282828282828282828—
Reserves5395847017247397457548389241,1931,4552,187—
Borrowings686549479366232161706386677467—
Other Liabilities311277258224162169184204257366422661—
Total Liabilities1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942—
Fixed Assets456415417363321304279265320354397441—
CWIP4948332637274381502068127—
Investments288556789108290402—
Other Assets1,0549641,0089477977667077799151,1711,2251,972—
Total Assets1,5621,4351,4671,3421,1611,1031,0361,1331,2941,6541,9802,942—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−36791584315916714912162122270247738
Cash from Investing Activity156−13−1060−81−6−32−17−50−137−320−214
Cash from Financing Activity−115−66−153−114−150−163−114−104−2210−42−33−113
Net Cash Flow50−5−111529−14238291−107411

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.08.08.08.09.06.06.04.013.014.036.027.059.0
ROE %————————————45.3
EPS (₹)1.570.560.591.531.141.000.950.503.393.5610.139.9929.40
Book Value (₹)————————————79.9
Face Value (₹)————————————1
P/E————————————24.9
Div Yield %————————————0.42
NPM %3.01.01.12.62.02.22.31.57.47.112.513.824.3
OPM %7.010.010.09.08.08.07.07.011.011.019.020.034.0
D/E1.311.220.900.660.490.300.210.090.070.090.050.050.03
P/B————————————9.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+29.0%
3 years+34.0%
TTM+63.0%
Compounded profit growth
10 years+49.0%
5 years+118.0%
3 years+105.0%
TTM+134.0%
Stock price CAGR
10 years+34.0%
5 years+70.0%
3 years+34.0%
Last year−19.0%
Return on equity
10 years18.0%
5 years27.0%
3 years33.0%
Last year45.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.24%74.24%56.35%56.46%57.85%58.51%58.97%59.08%59.11%59.10%59.11%59.11%
FIIs0.04%0.04%10.74%11.05%11.05%10.67%9.15%0.91%4.59%4.83%5.94%5.62%
DIIs8.66%8.66%13.28%12.53%11.29%9.75%9.33%0.00%0.66%0.36%0.79%0.97%
Government————————————
Public17.06%17.06%19.63%19.95%19.81%21.07%22.55%40.00%35.65%35.70%34.17%34.28%
No. of shareholders27,06927,06946,20546,04944,54477,5081,41,7401,71,7142,87,0323,81,8263,40,7403,49,936
Change since Jun 2023 (pp)
Promoters −15.13FIIs +5.58DIIs −7.69Public +17.22

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Credit RatingVideo Recording Of The Annual General MeetingShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMBook-Closure For The Purpose Of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2025TranscriptSep 2025RecordingJul 2024RecordingSep 2023PPTFeb 2023PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Re 1 Per Share—
13 Feb 2026DIVIDENDInterim Dividend - Rs 2 Per Share—
12 Sep 2025DIVIDENDDividend - Re 1 Per Share—
13 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.50 Per Share—
15 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Re 0.45 Per Share—
15 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Re 0.40 Per Share—
16 Sep 2021DIVIDEND Dividend - Rs 0.35 Per Share—
16 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.10 Per Share—
26 Feb 2020DIVIDEND Interim Dividend-Re 0.20 Per Share—
18 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.30 Per Share—
18 Sep 2018DIVIDEND Annual General Meeting/Dividend- Re 0.25 Per Share—
18 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 0.25 Per Share —
21 Sep 2016DIVIDEND Annual General Meeting/Dividend Re 0.25 Per Share—
21 Sep 2015DIVIDEND Annual General Meeting / Dividend - Re 0.20/- Per Share—
18 Dec 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.20/- Per Share—
19 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Re 0.15 Per Share—
14 Dec 2012DIVIDENDAnnual General Meeting / Dividend Re 0.15 Per Share—
29 Aug 2011DIVIDENDAnnual General Meeting And Dividend Re.0.10 Per Share—
20 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.0.30 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman